Sickened by the shorting greed that pulled in £270m

February 2nd, 2009

by Chris Blackhurst
London Evening Standard

SO I’m eating my cornflakes and I read that John Paulson, the New York hedge fund king, has made £270 million betting that the Royal Bank of Scotland share price would fall over the last four months.

As I find the cereal increasingly difficult to swallow, I’m informed that Paulson, 52, is “an unassuming, quiet man. He wears sombre suits, his offices in Manhattan are understated”. The father of two is worth £3.4 billion and is “always home for tea”. That home is an £11.5 million palace on the Upper East Side.

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